Mt Vernon, IL - Dutch Bros

Description:

SRS Real Estate Partners-Midwest, LLC is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Dutch Bros investment property located in Mt Vernon, Illinois. The tenant, Boersma Bros, LLC recently signed a brand new 15 year lease with 3 (5-year) options to extend, demonstrating their commitment to the site. The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Dutch Bros Coffee is located along the primary retail corridor serving Mount Vernon, Illinois, with convenient access to Interstate 57 (46,300 VPD) and Interstate 64, providing strong regional connectivity and daily commuter exposure. The site benefits from proximity to Broadway Street (IL-15) (42,910 VPD), a major commercial thoroughfare supporting the area’s dominant retail and dining uses. The property is positioned near the city’s main shopping destinations, including Times Square Mall and King City Square, which are anchored by national and regional tenants such as Ross Dress for Less, Kroger, Hibbett, Dunham’s, Taco Bell, and Sally Beauty. The broader trade area is further supported by additional national retailers nearby including Walmart, Kohl’s, Lowe’s, Marshalls, Aldi, Menards, and more, driving consistent consumer traffic to the corridor. Mount Vernon serves as a regional hub for Jefferson County and southern Illinois, supported by stable demographics and an established employment base, reinforcing long-term tenant performance.

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